Blackrock North American Technology ETF | IGM

Medium RiskEquity
Blackrock North American Technology ETF
Issued by:iShares by Blackrock
Exchange : AMEX
Unit Price (NAV) :
Minimum investment: 1 unit
Blackrock North American Technology ETF | IGM

Blackrock North American Technology ETF | IGM


ETF Name: BlackRock Technology ETF (IGM)
Sector: IGM has invested 100% of its assets in Technology.
Geography: IGM has invested 100% of its assets in the US.
Fund Manager Name: BlackRock
ETF Description: IGM provides exposure to the North American software industry. It caps individual securities' weights at 8.5% to provide more diversified exposure. IGV underweights tech giants like Microsoft and overweights smaller, more growth-oriented software companies, and diversifies into closely related sectors such as IT services and counselling.
What ETFdb says about it: This ETF offers low cost exposure to the U.S. tech sector, making it one of many options available to investors seeking to access an industry that is capable of remarkable rallies and steep declines over short periods of time.
Why is that Kristal there: A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. IGM is liquid and easy to trade, with reasonable spreads and good block liquidity. Good tracking and low fee helps with holding costs. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
Fund Manager Description: Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
More Information:
Tech ETFs To Buy As Microsoft Beats Big On Earnings


IGM Charts
52 Week High: $|52 Week Low: $
PerformanceYTD actual1Y p.a3Y p.a5Y p.a10Y p.a
Blackrock North American Technology ETF23%26.98%32.49%29.61%22.43%

Asset Class

Asset type breakdown
Stock US97.69%
Stock non-US2.14%

IGM Holdings - Top 10

NameiWeightage (%)
Microsoft Corporation9.35%
Apple Inc8.96% Inc8.32%
NVIDIA Corporation5.35%
Meta Platforms Inc.4.95%
Alphabet Inc4.06%
Visa Inc2.24%
Adobe Inc2.14%
Mastercard Incorporated1.87%
Netflix Inc1.82%

IGM Sectors/Industry Breakdown

Sectori% of market value
Communication Services17.50%
Consumer Cyclicals9.22%
Financial Services5.51%

IGM Countries

Countryi% of market value
North America99.30%
Asia Emerging0.48%
Asia Developed0.20%
Latin America0.02%

Returns Calculator

Investment ofper month
gives returns of :
at 22.72% / annum
$in 10 years
for a time period of
Returnsbased on historic SIP returns of 22.72% per annum
$+ 22.72

IGM Summary Data

Total Net Assets $i
Average Mkt Cap Mil $i
Symbol IGM
Exchange ARCX
ISIN US4642875490
Cat. Benchmark MSCI ACWI NR USD
Asset class Equity
Category Technology
Country US

IGM Key Metrics

Net Expense Ratio 0.46i
Beta 1.09i
Valuations Rates Portfolio PE 29.30073i
3 Year Standard Deviation 20.48i

Fund Strategy

iShares Expanded Tech Sector ETF is an exchange-traded fund incorporated in the USA. The index measures the performance of U.S.-traded stocks from the technology sector and selects technology-related companies from the communication services and consumer discretionary sectors in the U.S. and Canada. The fund is non-diversified.

IGM Fact Sheets & Reports

About iShares by Blackrock

"iShares" is a gathering of ETFs managed by Blackrock. Blackrock is an American investment management corporation founded in 1988. Some iShares ETFs are actively managed but most funds track a bond or share market index.

Blackrock North American Technology ETF | IGM